1. What’s so smart about smart elevators?

Much like smartphones and smart TVs, elevators are becoming more high-tech. As skyscrapers continue to rise to even more dizzying heights, elevator manufacturers must make adjustments in order to safely and quickly transport passengers. Smart elevators are among the new wave of advancement in our industry. How do they work? A passenger pushes a button to set his or her destination and an indicator will direct them to a specific elevator that will transport him or her to that floor the fastest. This advanced routing is a more efficient way of moving passengers, especially during high-traffic hours in busy office buildings or hotels. These elevators can be programmed to operate differently at certain periods throughout the day. According to BusinessWire, smart elevators will be making big strides in the market, with predicted growth of 12.7% CAGR in the next 8 years. “The global smart elevators market is expected to witness strong growth during the forecast period 2017 – 2025 due to flourishing construction and real estate industry post economic recession. Urbanization and rise in the number of new dwelling units in cities has made the real estate sector competitive. Builders are coming up with new projects and are offering automation and smart elevators as a part of amenities.”

2. Elevators on the Internet

Connectivity is the future of elevators. It won’t be long before Internet-connected elevators become more commonplace. A leading international company is already installing them. According to TechCo, “The technology works by alerting companies to faults when they appear or are about to develop, enabling lift operators to save money and time on repairs.” Sensors gather data about usage and other factors, which can affect wear and tear on parts and machinery. That information is then transferred to a cloud-based platform where it is processed and analyzed to predict when maintenance might be needed. Accurately predicting future problems could allow the elevator technicians to make repairs before there is a breakdown. Another benefit is that companies would be able to service some aspects of elevators remotely, which can help save money and time when repairs are needed. Read More